1. DC-DE-MD ASFAA Conference Ocean City, MD COD System & studentloans.gov Update Annmarie Weisman | 11.06.2012

3. On April 16, 2012, COD began performing outreach to impacted 2012-13 FAFSA Pell- eligible applicants. Targeted e-mail messages sent to 2012-13 FAFSA Pell-eligible applicants near, or exceeding, an LEU percentage of 600% Pell LEU applicant e-mail outreach continued through June 30, 2012 3 Spring 2012 Pell Grant LEU Recap

7. 7 COD 2012-13 Pell LEU Report

8. With Release 11.1, on July 7, 2012, the COD System modified the following LEU functionality: COD returns the Pell LEU in the common record response for ALL Pell recipients - Common Record Response tag returned on Pell Grant responses - Pell Grant awards for Award Year 2010-11 forward Modified current COD Warning Edits to reflect new limits 8 COD Release 11.1 Pell LEU Recap

9. Two Pell LEU warning edits were modified: #MessageUpdated Trigger 177Lifetime Percentage of Eligibility Used is near the lifetime limit For Pell Awards in AY 2008-09 forward when a student’s LEU is greater than/equal to 450% and less than/equal to 600% 178Lifetime Percentage of Eligibility Used has exceeded the lifetime limit For Pell Awards in AY 2008-09 forward when a student’s LEU is greater than 600% Note: There is NO HARD REJECT EDIT in COD that prevents a Pell disbursement to a student with an LEU of > 600%. 9 COD Release 11.1 Pell LEU Recap

10. COD also provides the LEU on the following Pell Grant SAIG preformatted reports for 2010-11 and forward: Pell Grant Multiple Reporting Record (MRR) Pell Grant Reconciliation Report Pell Grant Year to Date Report 10 COD Release 11.1 Pell LEU Recap

11. With Release 11.1, the COD website was modified to provide additional Pell LEU information: COD displays LEU on the COD Web for all Pell recipients A new COD Pell LEU History page on the COD website allows schools to view historical Pell data to determine how the LEU was calculated 11 COD Release 11.1 Pell LEU Web Changes

15. 15 From the Pell LEU History Page users can export data to XLS format COD 11.1 Pell Grant LEU Web Changes

16. 16 From the Pell LEU History Page, users can export data to XLS format COD 11.1 Pell Grant LEU Web Changes

17. COD calculates Pell LEU and sends it to NSLDS NSLDS records updated with the COD LEU data Displays LEU on the Professional Access-Grant Page, Student Access Grant Section, and on Transfer Monitoring/FA History files NSLDS will provide LEU information to the CPS via the pre- screening and post-screening process COD is the system of record for Pell LEU data 17 Pell LEU Update - NSLDS

18. *New Pell Lifetime Limit Flag in pre-screening match between NSLDS and CPS: E = Limit met or exceeded (= or >600%) C = Close to limit (>500% but <600%) H = High % (= or >450% but < or =500%) N = No problem 18 Pell LEU Update - NSLDS/CPS

19. New NSLDS post-screening Reason Codes for match between NSLDS and CPS: Reason CodeDescription 20Pell Grant eligible and met/exceeded Pell LEU limit 21No longer meeting/exceeding Pell Grant LEU limit 22Pell Grant eligible and close to Pell LEU limit 23No longer close to Pell Grant LEU limit 19 Pell LEU Update - NSLDS/CPS

20. In July 2012, the CPS began reporting Pell LEU information for 2012-13 award year on ISIRs and SARs. Pell Information reported using comment codes -To alert schools and applicants who are close to or have exceeded 600% LEU -Avoided mid-cycle changes to the ISIR record layout -Refer to the reissued 2012-13 SAR/ISIR Guide Pell Grant LEU limit flag WILL NOT be added to the ISIR until 2013-14 20 Pell LEU Update - NSLDS/CPS

23. tag modifications for Release 12.0 include new and modified edits: 23 COD Release 12.0 Grant & DL Update New TriggerEdit If is NOT submitted Reject Edit 994 Values of 03 “State” or 05 “Other” is submitted Reject Edit 198 If value submitted to COD does not match “H.S. Diploma or Equivalent” value from CPS New Warning Edit TBD

24. Release 12.0 will also provide new valid values for the tag: 24 COD Release 12.0 Grant & DL Update Valid ValueDescription 06High School Diploma 07GED

33. With the COD Release 11.1 the Weekly School Monitoring Report was modified Contains virtually the same important information as the original emailed report Distributed weekly via your school’s… -SAIG Mailbox in a preformatted text file (SCHMONOP) -COD Newsbox (Direct Loan or Pell) in PDF format Allows for increased access to reports by authorized users at the school COD Release 11.1 Direct Loans Recap 33

34. Financial Awareness Counseling on the StudentLoans.gov website was developed to Educate borrowers about their current indebtedness and management of their student loans Provide a centralized, online source of financial literacy information to students 34 COD Release 11.1 Direct Loans Recap

35. Financial Awareness Counseling on the StudentLoans.gov website was developed to Assist borrowers in making informed postsecondary funding decisions Support the government-wide efforts through the Financial Literacy Education Commission 35 COD Release 11.1 Direct Loans Recap

37. Your Student Loans Loan Basics Free Money First Types of Student Loans Your Student Loans Loan Basics Free Money First Types of Student Loans Manage Your Spending While in School Live Within Your Means Borrow Smart Manage Your Spending While in School Live Within Your Means Borrow Smart Estimate What You Will Owe, Spend, and Earn Understand Repayment Estimate What You Will Owe, Spend, and Earn Understand Repayment Avoiding Default Postpone or Lower Your Payments Forgive or Cancel Your Debts Delinquency and Default Avoiding Default Postpone or Lower Your Payments Forgive or Cancel Your Debts Delinquency and Default Plan for the Future Your Income & Taxes Your Credit & Identity Credit Cards & Other Borrowing Plan for the Future Your Income & Taxes Your Credit & Identity Credit Cards & Other Borrowing Understand Your Loans Manage Your Spending Plan to RepayAvoid Default Make Finances a Priority 37 COD Release 11.1 Direct Loans Recap

39. The existing Entrance Counseling Report was modified to include Financial Awareness Counseling data Renamed the “Counseling Report” - Posted weekly to COD Reporting NewsBox in CSV format New Counseling Type Indicator There can be multiple Entrance Counseling or FAC records per Borrower 39 COD Release 11.1 Direct Loans Recap

40. COD Release 11.1.1 DL Update FSA is creating an electronic IBR application with an IRS data retrieval function that will be available on StudentLoans.gov intent is to increase efficiency similar to FAFSA on the Web to allow applicants to retrieve and transfer income information into their online IBR application 40

46. studentaid.gov 46

47. Federal Student Aid Websites

48. Solution: StudentAid.gov

50. FACT Counseling Tool 50 Useful Information to Have Any details on your income, financial aid, and living expenses. Some of this information can be found in: Your student account information A copy of the award letter from your school's financial aid office (if you have received it) A listing of the tuition and fees for your school. Visit CollegeNavigator.gov

51. FACT Counseling Tool 51 Understand Your Loans: allows users to see federal student loan debt based on NSLDS data can enter additional loans that are not in NSLDS or if not logged in Manage Your Budget: comparison between living expenses vs. current income (exportable to Excel)

52. FACT Counseling Tool 52 Plan to Repay: budgeting tool which compares living expenses vs. estimated post-school income calculates monthly payment amounts for each of the basic repayment plans allows user to see effects of paying extra toward loans to reduce debt and interest Avoid Default: tips on how to postpone repayment or lower monthly payments

53. FACT Counseling Tool 53 Make Finances a Priority: financial planning and decision making Summary Page: a printable summary of the data used/entered

54. FSA Social Media Twitter Facebook YouTube

55. COD School Relations Center URL: http://www.cod.ed.gov E-mail: CODSupport@acs-inc.com Phone - Grants: 800-474-7268 Phone - Direct Loans: 800-848-0978 Direct Loan Operations E-mail: dlops@ed.gov Contact Information 55

56. Contact Information For follow-up questions on this session, contact me at: Annmarie Weisman, Training Officer annmarie.weisman@ed.gov 215-656-6456 To provide feedback to my supervisor, contact: Jo Ann Borel, Supervisor joann.borel@ed.gov 281-758-8122 56

57. Evaluation Your attention is appreciated at today’s session! To provide feedback to me and my supervisor, please complete an evaluation form. Thank you!!!

58. QUESTIONS?